The Hip Society

Tax-deductible

Schaumburg, IL501(c)(3)Since 1968EIN 23-7348162Revenue $1.9M in FY2025

On file with the IRShipsoc.org1515 E Woodfield Rd Ste 345, 60173-5432 · Schaumburg, ILTax-exempt since Apr 1974Publicly supported — 509(a)(2)

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To advance knowledge of Hip disorders, promote evidence-based treatment, and refine suregery of the Hip in order to improve the lives of patients.

501(c)(3) charity; gifts are tax-deductible.
71¢ of each $1 spent went to programs.
Run by 200 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $286K a year · 25% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
71%
of spending
Fine: 71% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$293K
to officers and key staff · 30% of spending
Worth a look: pay to officers and key staff is 30% of spending; over 20%.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 4.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$291K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.9M
+70% vs prior year
Spent
$965K
To programs
71%
Net assets
$8.2M
By yearFY2020–FY2025
Revenue
$1.9M
FY2025▲ +70%
Tap a bar for its year
Revenue by fiscal year
FY2020$942K
FY2021$702K
FY2022$1.2M
FY2023$962K
FY2024$1.1M
FY2025$1.9M
Expenses
$965K
FY2025▲ +13%
Tap a bar for its year
Expenses by fiscal year
FY2020$662K
FY2021$734K
FY2022$986K
FY2023$877K
FY2024$853K
FY2025$965K
Net assets
$8.2M
FY2025▲ +13%
Tap a bar for its year
Net assets by fiscal year
FY2020$5.8M
FY2021$6.5M
FY2022$5.9M
FY2023$6.5M
FY2024$7.3M
FY2025$8.2M

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1974.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

71 cents of each dollar spent went to programs.

Program services 71% · $687K Management & general 29% · $278K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

14 people listed on the 990; $293K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$175,851Pt VII · Sec A
Education and Meetings Director
$117,409Pt VII · Sec A
$0Pt VII · Sec A
3rd Vice President
$0Pt VII · Sec A
1st Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
2nd Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Olga Foley$175,851$156,120$157,783$99,030$122,074
Jolanta Tricroce$117,409$102,045———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Improves hip patient lives by advancing knowledge, promoting evidence-based treatment, and refining surgery.

Questions for The Hip Society

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Provided by the organization

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2 programs · $687K · in their own filed words · FY2025
01

Meetings for orthopaedic surgeons and engineers who have an interest in the hip surgery and full day educational program divided into symposia and a session of award papers.

$510Kprogram expense
02

Awards to organizations to promote research in the field of orthopaedic surgery.

$177Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$5K
Grants paid · 12 grants · $157K · 2021–2025
Unitemized GrantFY2025$16,000
The Center for Orthopedic and Research Excellence INCFY2025$10,000
Unitemized GrantFY2025$8,500
Unitemized GrantFY2024$10,000
The Center for Orthopedic and Research Excellence INCFY2024$5,000
Mayo ClinicMN · FY2023$12,500
Unitemized GrantFY2022$12,500
Unitemized GrantFY2022$6,000
Unitemized GrantFY2021$28,000

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$1.9M
Ln 12
Investment incomeLn 3$920K
Fees for servicesLn 2g$886K
Gifts and grantsLn 1h$49K
Money outPt IX
$965K
Ln 25
Programscol B$687K
Managementcol C$278K
Owns and owesPt X
$8.2M
net assets · Ln 32
Cash and savingsLn 1–2$353K
Total assetsLn 16$8.5M
LiabilitiesLn 26$291K
PeoplePt VI, VII
14
listed · VII A
PaidVII A2
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$49K
Fees for servicesLn 2g$886K
Investment incomeLn 3$920K
Other incomeLn 4–11$4K
Gains on assetsLn 7$743K
Total revenueLn 12$1.9M
Assets in detailPt X, end of year
CashLn 1$353K
Cash and savings togetherLn 1–2$353K
InvestmentsLn 11–13$7.1M
Other assetsLn 15$27K
Total assetsLn 16$8.5M
LiabilitiesLn 26$291K
Net assetsLn 32$8.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 6200
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$488K$353K
InvestmentsLn 11–13$6.0M$7.1M
Total assetsLn 16$7.6M$8.5M
LiabilitiesLn 26$280K$291K
Net assetsLn 32$7.3M$8.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$25K$25K
Grants to domestic individualsLn 2$28K$28K
Grants and assistance to foreign recipientsLn 3$20K$20K
Pay of current officers, directors and key staffLn 5$176K$93K$83K
Other salaries and wagesLn 7$31K$16K$14K
Pension plan contributionsLn 8$9K$4K$4K
Other employee benefitsLn 9$6K$6K
Payroll taxesLn 10$64K$34K$31K
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$17K$17K
Investment management feesLn 11f$31K$31K
Other fees for servicesLn 11g$43K$1K$41K
Advertising and promotionLn 12$7K$4K$3K
Office expensesLn 13$6K$2K$4K
Information technologyLn 14$33K$9K$24K
OccupancyLn 16$19K$83$19K
TravelLn 17$103K$103K$298
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$323K$323K$191
All other expensesLn 24e$16K$6K$10K
Total functional expensesLn 25$965K$687K$278K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.9M$965K$894K$8.2M 990 PDF
FY2024 $1.1M$853K$237K$7.3M 990 PDF
FY2023 $962K$877K$85K$6.5M 990 PDF
FY2022 $1.2M$986K$251K$5.9M 990 PDF
FY2021 $702K$734K−$32K$6.5M 990 PDF
FY2020 $942K$662K$280K$5.8M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $1,858,799 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $326,793$49,418
I-9 Program service revenuePrior year $521,840$885,627
I-10 Investment incomePrior year $208,376$919,591
I-11 Other revenuePrior year $33,261$4,163
I-12 Total revenuePrior year $1,090,270$1,858,799
I-13 Grants and similar amounts paidPrior year $48,000$73,195
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $264,614$285,714
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $540,368$606,351
I-18 Total expensesPrior year $852,982$965,260
I-19 Revenue less expensesPrior year $237,288$893,539
Part VI · Governance 12 of 12 board members independent, no flags
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,858,799 across 7 lines filed
VIII-1f All other contributions, gifts and grants$49,418
VIII-1h Total contributions, gifts and grants$49,418
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $885,627$885,627
VIII-3 Investment incomeExcluded from tax $176,289$176,289
VIII-7 Net gain or loss on sales of assetsExcluded from tax $743,302$743,302
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $4,163$4,163
VIII-12 Total revenueRelated to mission $889,790 · Unrelated business $0 · Excluded from tax $919,591$1,858,799
Part IX · Statement of functional expenses $965,260 across 20 lines filed
IX-1 Grants to domestic organizationsPrograms $24,695$24,695
IX-2 Grants to domestic individualsPrograms $28,500$28,500
IX-3 Grants and assistance to foreign recipientsPrograms $20,000$20,000
IX-5 Pay of current officers, directors and key staffPrograms $93,201 · Management $82,650$175,851
IX-7 Other salaries and wagesPrograms $16,322 · Management $14,474$30,796
IX-8 Pension plan contributionsPrograms $4,381 · Management $4,125$8,506
IX-9 Other employee benefitsManagement $6,075$6,075
IX-10 Payroll taxesPrograms $33,871 · Management $30,615$64,486
IX-11b Legal feesManagement $2,822$2,822
IX-11c Accounting feesPrograms $17,290$17,290
IX-11f Investment management feesManagement $31,393$31,393
IX-11g Other fees for servicesPrograms $1,246 · Management $41,352$42,598
IX-12 Advertising and promotionPrograms $3,905 · Management $3,179$7,084
IX-13 Office expensesPrograms $2,289 · Management $4,201$6,490
IX-14 Information technologyPrograms $8,857 · Management $24,062$32,919
IX-16 OccupancyPrograms $83 · Management $18,556$18,639
IX-17 TravelPrograms $103,201 · Management $298$103,499
IX-23 InsuranceManagement $4,385$4,385
IX-24 Other expenses (24a–d)Programs $322,715 · Management $191$322,906
IX-24e All other expensesPrograms $6,448 · Management $9,878$16,326
IX-25 Total functional expensesPrograms $687,004 · Management $278,256 · Fundraising $0$965,260
Part X · Balance sheet $8,524,351 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $487,885$352,598
X-3 Pledges and grants receivableStart of year $3,000$0
X-4 Accounts receivableStart of year $418,157$441,291
X-9 Prepaid expenses and deferred chargesStart of year $144,724$132,271
X-11 Publicly traded securitiesStart of year $5,972,946$7,071,060
X-14 Intangible assetsStart of year $500,000$500,000
X-15 Other assetsStart of year $35,146$27,131
X-16 Total assetsStart of year $7,561,858$8,524,351
X-17 Accounts payable and accrued expensesStart of year $59,992$63,445
X-19 Deferred revenueStart of year $182,182$198,489
X-25 Other liabilitiesStart of year $37,795$29,111
X-26 Total liabilitiesStart of year $279,969$291,045
X-27 Net assets without donor restrictionsStart of year $2,286,993$3,193,723
X-28 Net assets with donor restrictionsStart of year $4,994,896$5,039,583
X-32 Total net assets or fund balancesStart of year $7,281,889$8,233,306
X-33 Total liabilities and net assetsStart of year $7,561,858$8,524,351
Part XI · Reconciliation of net assets $8,233,306 net assets at year end
XI-1 Total revenue$1,858,799
XI-2 Total expenses$965,260
XI-3 Revenue less expenses$893,539
XI-4 Net assets at start of year$7,281,889
XI-5 Net unrealized gains (losses) on investments$57,878
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$8,233,306

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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